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FSA date pushed back to November

The date the FSA will receive its full authority was pushed back once again last week as Treasury economic secretary Melanie Johnson announced N2 will not occur until at least the end of November.

Johnson also confirmed that mortgage regulation will go live nine months after N2 in August 2002 at the earliest.

The legislative process of the Act giving the FSA its powers came one step closer to its conclusion as the scope of the regulator&#39s activities was defined in a parliamentary committee debate.

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Aberdeen launches monthly income plan

Aberdeen has launched a monthly high income plan which will invest in eight Aberdeen and Murray Johnstone closed-end funds.The plan is targeted towards older investors looking for a higher income as well as capital appreciation. It estimated to offer net returns of 9 per cent a year plus capital growth potential.The worldwide income plan will […]

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